Kurs & Likviditet
Beskrivning
| Land | Australien |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2022-08-31 01:22:06
[ADELAIDE], 31 AUGUST 2022:
Clean Seas Seafood Limited (ASX: CSS, OSE: CSS), global leader in full cycle
breeding, production and sale of Yellowtail Kingfish, is pleased to provide its
FY22 Results Announcement.
Highlights:
o Increasing awareness and acceptance of Yellowtail Kingfish globally has driven
strong revenue growth with Full Year FY22 revenue of A$66.2m, up 37% on FY21 and
64% ahead of FY20
o Pricing of A$17.61/kg, up 15% on FY21, reflects the premium quality, culinary
flexibility and Spencer Gulf provenance of Clean Seas' ocean reared Kingfish
o Substantial reduction in excess live fish and frozen inventory has delivered a
19% decrease in production costs versus FY21. Further opportunity to reduce
costs in FY23 with the final harvest of excess Year Class 20 fish concluded in
August 2022
o The FY22 sales result combined with a focus on working capital has delivered
improved underlying EBITDA and operating cash flow results versus FY21. FY22
underlying EBITDA is A$15.3m favourable to FY21 while net cash used in operating
activities (excluding one-off items) is favourable to FY21 by A$16.1m
o FY22 Statutory Profit After Tax of A$8.7m versus a Loss of A$32.1m in FY22 was
driven by improvement in operating earnings coupled with a significant increase
in the growth of Live Fish biomass asset (+41%) and increase in valuation
The full report is attached.
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au